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GOP, GIPPSLAND OFFSHORE PETROLEUM LIMITED |
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Posts: 5,297 Thanks: 153 ![]() |
Scorcher, in one swoop GOP have doubled their exposure in highly prospective Walton Basin and acquired a World Class tenement in AC/P36. Shell recently paid big money upfront for its stake in NXS CRUX gas condensate field at AC/P41 to the west of AC/P36. This area is hotly contested by the big players who want to secure access to large gas deposits for future sales. LNG will be the hot ticket in 3-4 years time. AC/P36 will probably be farmed out to at least one big player with the idea that the big player(s) foots most of the bill initially for the first few wells. One may guess that BHP could have first bite of the cherry due to GOPs commercial arrangements and that BHP have the adjoining tenement AC/P30. -------------------- Buyer beware: Do your own research before investing....
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Posts: 5,297 Thanks: 153 ![]() |
AC/P36 Prospects Listed below;
NOTE: According to Finders article they were expecting a farmin partner by October 2007. Finders already has 3D seismic over AC/P36.
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![]() -------------------- Buyer beware: Do your own research before investing....
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Posts: 103 ![]() |
what are we thinking of this news apache? |
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Posts: 5,297 Thanks: 153 ![]() |
Any discovery at AC/P36 could be tied back to the BHP field in adjoining permit AC/P30.
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![]() -------------------- Buyer beware: Do your own research before investing....
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Posts: 5,297 Thanks: 153 ![]() |
Looks like GOP is back on the menu....
The downtrend line appears to have broken, though the volume traded is light. In the next few weeks we should have a better idea of; (a) Who's farming in to the Jamaican tenements (and paying back $$ for the privilege) (b) Lamu prospect sizes via Falcon analysis © Results of Madagascar Bids
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![]() -------------------- Buyer beware: Do your own research before investing....
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![]() Posts: 250 Thanks: 26 ![]() |
GOP looks very cheap again at these levels .. On the other hand I haven't heard news lately either. |
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KEY EVENTS FOR THE QUARTER
• Jamaica project farm-out process commenced • Kenya exploration completed • Award of Madagascar exploration acreage Cape D’Ambre and Isle St Marie Basin, Madagascar Gippsland Offshore has applied for two high potential offshore exploration permits from the Government of Madagascar. The permits are expected to be awarded soon to Gippsland Offshore and its joint venture partner, East Africa Exploration Limited of Dubai -------------------- SECURE YOUR COMPUTER NOW!!
Keep Windows UPDATED AVG 7.0 Free Edition" Anti-Virus" Check your computer for "SpyWare" (free MS Product) a good firewall for windows(free version available) Block spamvertised websites (free & good for parents But does need thinking about first) Use a Password Saver on USB removable drive to store passwords |
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Posts: 5,297 Thanks: 153 ![]() |
Qtrly Report has an updated prospect map for offshore Jamaica.
The massive Boag prospect is almost 60km across. Even if only a percentage of the Boag prospect is commerical, GOP will be in the money. Most of the Boag prospect is also in shallower water ie. less than 600m depth, so no long lead time for deep ocean rig required here. Lead 11F is potentially even larger than Boag but part of it straddles the boundary of the adjoining permits.
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![]() -------------------- Buyer beware: Do your own research before investing....
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![]() Posts: 160 ![]() |
-------------------- SECURE YOUR COMPUTER NOW!!
Keep Windows UPDATED AVG 7.0 Free Edition" Anti-Virus" Check your computer for "SpyWare" (free MS Product) a good firewall for windows(free version available) Block spamvertised websites (free & good for parents But does need thinking about first) Use a Password Saver on USB removable drive to store passwords |
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Posts: 103 ![]() |
news cant be far away, either madagascar or the farm out partner, lets hope they dont just release the financials otherwise it could get ugly. Either of the other two items can not be too far away surely. Thanks for the charts Apache they are very handy and fill in a couple of the gaps. S |
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